Terminal
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Investors
Founders
About
Terminal provides a unified API that normalizes telematics data from more than 325 providers into a single, consistent format for insurance companies, fleet operators, logistics firms, and financial services companies 12. Founded in 2023 by CEO Raghav Midha and CTO Connor Giles, the platform handles data storage, security, compliance, and standardization for commercial-vehicle data including location, speed, fuel consumption, and maintenance 12. The company is based in Toronto 1.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-29 | Series A | $20M | Battery Ventures | Intact Private Capital, Penske, Y Combinator, Wayfinder Ventures 1234 |
The Series A brings Terminal’s total funding to $26 million since its 2023 founding 2.
What Investors Say
“Telematics data is three times more predictive of future risk than any other underwriting variable, yet fragmentation has kept that value out of reach for fleet managers and insurance companies until now.” — Marcus Ryu, General Partner, Battery Ventures (former CEO of Guidewire Software); joined Terminal’s board as part of the Series A 4
What Founders Say
“Terminal exists to accelerate innovation across this industry. We are the neutral infrastructure layer that connects those providers and normalizes their data.” — Raghav Midha, CEO & Co-Founder, Terminal, in the company’s Series A announcement 4
Sources
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FreightWaves, “Terminal raises $20M to untangle fleet telematics data,” July 30, 2026. Accessed July 2026. https://www.freightwaves.com/news/terminal-fleet-telematics-data-funding↩↩↩↩
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FinSMEs, “Terminal Raises $20M in Series A Funding,” July 2026. Accessed July 2026. https://www.finsmes.com/2026/07/terminal-raises-20m-in-series-a-funding.html↩↩↩↩
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The SaaS News, “Terminal Raises $20M Series A,” July 2026. Accessed July 2026. https://www.thesaasnews.com/news/terminal-raises-20m-series-a/↩
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Terminal press release via PR Newswire, “Terminal Raises $20 Million to Scale Market-Leading Telematics Integration Technology for Fortune 500 Companies Across Insurance, Fleet Management and Logistics,” July 29, 2026. Accessed July 31, 2026. https://www.prnewswire.com/news-releases/terminal-raises-20-million-to-scale-market-leading-telematics-integration-technology-for-fortune-500-companies-across-insurance-fleet-management-and-logistics-302837250.html↩↩↩